The entire gain was "seasonal adjustment." All of it. In other words, in actual dollars there was not only no increase there was a net decrease in sales of approximately five percent - not annualized either, month-over-month!
Look for yourselves at his place.
3 comments:
...but regulation uncertainty and the 35% corporate tax rate is what's holding back hiring.
Ask any Republican CEO and they'll tell you.
Yah, well.
Demand is flat and that's key.
But the ObozoUncertainty (TM) is a heavy, wet blanket on top of the flattened demand.
We are still paying down debt, not buying stuff. Because those of us in consumerland with only 1 income because the spouse is unemployed aren't heavy on demand.
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